Contract Unit 1 futures contract for 60,000 pounds
Minimum Price Fluctuation 5/1000 of a cent (0.00005) per pound = $3.00
Price Quotation U.S. cents per pound
Trading Hours CME Globex: Sunday – Friday, 7:00 p.m. – 7:45 a.m. CT and
Monday – Friday, 8:30 a.m. – 1:20 p.m. CT
Open Outcry: Monday – Friday, 8:30 a.m. – 1:15 p.m. CT with Post session until 1:20 p.m. CT immediately following the close
CME ClearPort: Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT
Product Code CME Globex: OZL
CME ClearPort: 07
Open Outcry: Put: OZ Call: OY
Clearing: 07
Listed Contracts Monthly contracts listed for 2 consecutive months, 10 monthly contracts of Jan, Mar, May, Jul, Aug, Sep, Oct, Dec, an additional Sep contract month listed in May and an additional Dec contract month listed in November.
Termination Of Trading Trading terminates on the Friday which precedes, by at least two business days, the last business day of the month prior to the contract month. 
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 12A
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures 1/2 cent per pound. More details on strike price intervals are outlined in Rule 12A01.E.
Exercise Style The buyer of a futures option may exercise the option on any business day prior to expiration by giving notice to the Clearing House by 5:30 p.m. Chicago time. Option exercise results in an underlying futures market position. Options in-the-money on the last day of trading are automatically exercised.
Settlement Method Deliverable
Underlying Soybean Oil Futures